You'll have to figure your adjusted basis including a small amount of depreciation and untaken expenses and capitalized items.  

They pay you each month for the amount that is not included in the conventional loan.

Since the $425 mortgage insurance payment is included into our monthly mortgage payment already, what happens to that escrowed money when we change loans?

It gets folded in with a bunch of "Fannie - No Overlay" deals that include marginal credit, heavily leveraged real estate investors, down payment assistance, DTI that barely works, et cetera.

This includes servers and real estate agents among others.

Carmen Falcone start with doing the PM yourself so that you get a good appreciation for it, but include the PM numbers in your budget so that you can always elect to have one in the future.

Or does this include insurance and taxes for the year.

I was talking to a real estate agent and he mentioned that if I list the true square footage I could be raising some red flags.

I've been an accredited investor for many years now, and invested in many deals, including some angel investments in startup companies.  

From the Landlord association, I've heard that if this passes for Independence, other cities around Kansas City including Blue Springs and Lee's Summit would be soon to follow...